Fundraising Fox

Candela

Stockholm, SE · Founded 2014 · 354 employees on LinkedIn · 5 known investors

Candela designs and builds electric hydrofoil vessels that use significantly less energy than traditional boats, serving both private and public transportation markets. The company develops batteries, motors, and control systems to eliminate fossil fuels from marine transportation.

CleantechEnergyHardwareMobility & Transportation

Founders & leadership

Candela was founded in 2014 by Gustav Hasselskog.

GHGustav Hasselskog
Gustav HasselskoginFounder & CEO

Investors · 5

Draper AssociatesSan Mateo · $500K – $5M
EQT VenturesreportedLuxembourg · $2M – $50M
IFCreportedAuburn

Also in the syndicate · 2

International Finance Corporation (IFC)SEB Private Equity

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Competitors · 1

by search overlap
Boatsetter Marketplace false26 shared keywordsBoatsetter runs a peer-to-peer boat rental marketplace that connects boat owners, renters, and licensed captains, offering boating experiences with or without a captain. It serves both first-time boaters looking to rent and owners wanting to earn income, with more than 50,000 boats across 700+ locations in the United States and abroad.

Companies competing with Candela for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Candela raises more cash scaling their flying electric ferries as global demand surgeselectrek.co · Mar 2026Flying electric vessel maker Candela raises €30M amid soaring oil pricescandela.com · Mar 2026Candela Raises $14M; Closes 40M Series C Roundfinsmes.com · Nov 2024Candela from Sweden raises €13.3M to scale Electric Hydrofoil Ferries and expand in the US - FoundersTodayfounderstoday.news · Nov 2024Candela holds final close on $40m Series C funding to decarbonize waterborne transportcandela.com · Nov 2024Candela raises record funding to solve the biggest problem with electric boatselectrek.co · Mar 2024Candela’s hydrofoiling electric boats attract $24M investmenttechcrunch.com · Dec 2021

Frequently asked questions

What does Candela do?
Candela designs and builds electric hydrofoil vessels that use significantly less energy than traditional boats, serving both private and public transportation markets. The company develops batteries, motors, and control systems to eliminate fossil fuels from marine transportation.
Who founded Candela?
Candela was founded by Gustav Hasselskog in 2014.
Who are Candela's investors?
Candela's investors include Draper Associates, EQT Ventures, IFC.
Where is Candela headquartered?
Candela is headquartered in Stockholm, SE.